Citadel Securities Revenue Reaches $2.3 Billion in First Quarter
- That’s up 68% year-over-year as firm expands in new markets
- Revenue hit about $6.3 billion in 2023, down from record 2022
Citadel Securities generated $2.3 billion of net trading revenue in the first three months of 2024, setting the market-making firm up for a potentially record year as it expands in new assets classes and geographies.
The trading haul is among a litany of financial markers recently disclosed to debt investors. The first quarter result, which was up 68% from the prior year, sets the firm on a trajectory to reach unprecedented revenue in 2024, according to people with knowledge of the matter. The firm posted about $6.3 billion in net trading revenue last year, down from a record of around $7.5 billion in 2022, said the people, asking not to be identified disclosing private information.